Hudson's Bay Posts Wider Q3 Operating Loss, Initiates Dividend
Canadian Hudson's Bay Co reported a wider loss from continuing operations in the third quarter and started a quarterly dividend.
Hudson's Bay posted a quarterly net loss of C$2.0 million, or 2 Canadian cents per share, versus a year-ago profit of C$1.24 billion, or 12 Canadian cents per share. Its loss from continuing operations widened to C$8.5 million, or 8 Canadian cents per share, from C$7.5 million, or 7 Canadian cents per share.
Its total retail sales climbed 3.8% to C$930.4 million.
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